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The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.
December 1
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The board levied penalties against three firms in China, including member firms of PricewaterhouseCoopers that it found were improperly sharing answers to exams.
November 30
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Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties.
November 28
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The board voted to approve a new budget for fiscal 2024, and revealed it surpassed last year's record amount of fines.
November 16
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The audit overseer hit at least nine different firms, with fines totaling approximately $4 million.
November 15
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The board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.
November 1 -
George Botic succeeds the commission's longest-serving member, Duane DesParte, whose second term ended Tuesday.
October 25
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The board imposed a $175,000 fine on Smythe LLP, a Vancouver-based firm, for violating its rules and quality control standards on four audits.
October 24
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A lawyer questions whether expanded regulatory enforcement powers will lead to better-quality audits.
October 16
McDermott Will & Emery -
The PCAOB released a report that found 42% of auditing firms got at least one quality control criticism related to engagement quality reviews.
October 12
